Coca Cola Femsa S.A.B. de C.V. (KOF) Stock Rating Upgraded by Citigroup Inc.

Citigroup Inc. upgraded shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) from a sell rating to a neutral rating in a report released on Thursday, October 26th, The Fly reports.

Several other research analysts have also recently commented on the company. Zacks Investment Research raised Coca Cola Femsa S.A.B. de C.V. from a sell rating to a hold rating in a research note on Wednesday, October 4th. BidaskClub raised Coca Cola Femsa S.A.B. de C.V. from a hold rating to a buy rating in a research report on Thursday, August 17th. Finally, Scotiabank raised Coca Cola Femsa S.A.B. de C.V. from a sector perform rating to an outperform rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Coca Cola Femsa S.A.B. de C.V. currently has a consensus rating of Hold and a consensus target price of $85.50.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) opened at $68.73 on Thursday. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $59.44 and a 12-month high of $91.85. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $14,247.04, a P/E ratio of 20.16, a P/E/G ratio of 1.00 and a beta of 0.91.

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The firm also recently disclosed a semiannual dividend, which will be paid on Monday, November 13th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.8759 per share. This represents a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, November 3rd. Coca Cola Femsa S.A.B. de C.V.’s dividend payout ratio (DPR) is 51.32%.

Several institutional investors and hedge funds have recently modified their holdings of KOF. Comerica Bank purchased a new position in shares of Coca Cola Femsa S.A.B. de C.V. in the 1st quarter worth $208,000. JPMorgan Chase & Co. raised its position in shares of Coca Cola Femsa S.A.B. de C.V. by 327.8% in the 1st quarter. JPMorgan Chase & Co. now owns 75,874 shares of the company’s stock worth $5,440,000 after buying an additional 58,138 shares during the period. Neuberger Berman Group LLC purchased a new position in shares of Coca Cola Femsa S.A.B. de C.V. in the 1st quarter worth $215,000. UBS Group AG raised its position in shares of Coca Cola Femsa S.A.B. de C.V. by 205.1% in the 1st quarter. UBS Group AG now owns 31,397 shares of the company’s stock worth $2,251,000 after buying an additional 21,106 shares during the period. Finally, Morgan Stanley raised its position in shares of Coca Cola Femsa S.A.B. de C.V. by 48.6% in the 1st quarter. Morgan Stanley now owns 74,326 shares of the company’s stock worth $5,329,000 after buying an additional 24,307 shares during the period. 6.70% of the stock is currently owned by institutional investors and hedge funds.

Coca Cola Femsa S.A.B. de C.V. Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

The Fly

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